Cantor Fitzgerald Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target cut by stock analysts at Cantor Fitzgerald from $30.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 29.33% from the stock’s previous close.

A number of other brokerages also recently issued reports on S. Scotiabank cut their target price on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday. Guggenheim reissued a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Needham & Company LLC cut their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup dropped their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Susquehanna dropped their price objective on SentinelOne from $30.00 to $25.00 and set a “positive” rating for the company in a research note on Thursday. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $26.59.

SentinelOne Trading Up 1.8 %

SentinelOne stock opened at $18.56 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The stock has a 50 day moving average of $22.35 and a two-hundred day moving average of $24.02. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of -19.74 and a beta of 0.78.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,377,680.11. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the transaction, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,818 shares of company stock worth $5,649,659 over the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in S. Marshall Wace LLP raised its position in SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the period. Champlain Investment Partners LLC purchased a new position in SentinelOne in the third quarter valued at about $80,604,000. Norges Bank purchased a new position in SentinelOne in the fourth quarter valued at about $73,528,000. Point72 Asset Management L.P. purchased a new position in SentinelOne in the fourth quarter valued at about $63,120,000. Finally, Sylebra Capital LLC raised its position in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.